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Hybrid-work trend may wipe out $800 bln from office property values by 2030 - McKinsey study

A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday.

Munich , Bayern , Germany , Beijing , China , San-francisco , California , United-states , New-york , Tokyo , Japan , Shanghai

FTX sues ex-Clinton aide's investment firm for $700 million

Bankrupt crypto exchange FTX on Thursday sued a former aide to Hilary Clinton and the former aide's investment firm, seeking to claw back $700 million in investments allegedly made with misappropriated FTX funds.

Metropolitan-museum-of-art , New-york , United-states , Delaware , California , Hollywood , Matthew-lewis , Bryan-baum , Kendall-jenner , Michael-kives , Sam-bankman , Alexia-garamfalvi

Powell says U.S. Fed will make "judgment call" on costs of new regulations

Raising U.S. bank capital requirements to guard against future losses could increase the cost of credit but that may be justified to ensure the U.S. banking system is safe, Federal Reserve Chair Jerome Powell told Congress on Wednesday.

Kentucky , United-states , Washington , Jerome-powell , Andrea-ricci , Pete-schroeder , Michael-barr , Andy-barr , Mark-porter , House-financial-services-committee , Senate-banking-committee , Thomson-reuters-trust-principles

Prosecutor fights Trump bid to oust judge in New York hush-money case

Donald Trump's bid to oust the judge overseeing the criminal case against him over a hush-money payment to a porn star should be rejected, the Manhattan District Attorney's office said in a filing on Tuesday.

New-york , United-states , Manhattan , Stormy-daniels , Donald-trump , Joe-biden , Allen-weisselberg , Cynthia-osterman , Karen-freifeld , Advisory-committee-on-judicial-ethics , Thomson-reuters-trust-principles , Trump-organization

China's Dalian Wanda appeals court decision to freeze shares

China's largest commercial property developer Dalian Wanda Group on Thursday said it is appealing a court decision to freeze 1.9 billion yuan ($266.23 million) worth of shares it owns in a subsidiary.

Shanghai , China , Hong-kong , Beijing , Chinese , Zhuhai-wanda , Christopher-cushing , Clare-jim , Himani-sarkar , Dalian-wanda-commercial-management-group , Dalian-wanda-group-on , Thomson-reuters-trust-principles

Builder Skanska profits hit by slumping property development

Swedish builder Skanska reported a sharp fall in operating earnings for the first quarter on Thursday as soaring inflation and interest rates weighed on real estate markets, hitting its property development business.

United-states , Stockholm , Sweden , Swedish , Anna-ringstrom , Anders-danielsson , Niklas-pollard , Refinitiv-smartestimate , Reuters , Thomson-reuters-trust-principles , Thomson-reuters-trust , Bact

Explainer: What's next for China Evergrande after restructuring proposal?

China Evergrande Group will get a signal on Thursday of the level of creditor backing for its offshore debt restructuring proposal, with investors to be given an incentive for early support.

Hong-kong , Tianji , Jiangsu , China , Guangzhou , Guangdong , Chinese , Mark-potter , Hui-ka-yan , Reuters , Evergrande-new-energy-vehicle-group , Tianji-holding

China Evergrande gains more than 77% backing of Class A debt holders for debt restructuring incentive

Embattled property developer China Evergrande Group said on Thursday it would extend the deadline for receiving an incentive for its debt restructuring proposal to May 18 as the company disclosed levels of support from offshore debt-holders for its proposal.

Hong-kong , Bengaluru , Karnataka , India , Riya-sharma , Clare-jim , Reuters , Thomson-reuters-trust-principles , China-evergrande-group , Thomson-reuters-trust , Rhpi-healthcare-providers , Mtpix

Testimony in Trump rape accuser's trial gets underway

The civil trial of a nearly 30-year-old rape claim against Donald Trump is expected to resume on Wednesday, including the start of testimony expected to feature the woman accusing the former U.S. president of raping her and then lying about it.

Manhattan , New-york , United-states , Donald-trump , Lewis-kaplan , Joe-tacopina , Jonathan-stempel , Shawn-crowley , Josie-kao , E-jean-carroll , Thomson-reuters-trust-principles , Bergdorf-goodman-department

Trump rape accuser's claim not a 'he said, she said,' lawyer says as trial starts

E. Jean Carroll's accusation that Donald Trump raped her was not a "he said, she said" dispute, the writer's lawyer told jurors as a civil trial over Trump's conduct nearly three decades ago got under way.

White-house , District-of-columbia , United-states , Manhattan , New-york , Hollywood , California , Bergdorf-goodman , Luc-cohen , Alvin-bragg , Joe-tacopina , Donald-trump